wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Difference Between- Vicious cycle and and virtuous cycle(3 points)

Open in App
Solution

virtuous circle and a vicious circle are both economic terms that shows the effect of certain forces that causes a certain set of events. This causes and events follow in a loop. However, in virtuous cycle the results are positive and in a vicious cycle the events are not positive in economic terms. The poverty cycle is a vicious cycle and the creation of able human resource is a virtuous cycle.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Socialism in Russia
HISTORY
Watch in App
Join BYJU'S Learning Program
CrossIcon